Staples will give workers $3,600 to pay student loans

Staples will help some of its workers pay off their student loans, joining a growing group of companies offering this kind of perk.

Eligible employees will receive $100 a month for three years, for a total of $3,600. At first, the benefit will only be offered to "top performers" throughout the company who've been nominated by leadership, as well as new hires for Staples' business-to-business sales team. The eligible workers can be paying off a degree they've already finished or currently enrolled at an accredited college.

Staples(SPLS) said the student loan repayment plan will be offered to additional groups in the future.

The company currently has 74,000 workers and a large portion are Millennials. It would not say how many would immediately be eligible for the program, but it's currently adding more than 1,000 people to its sales team. The student loan repayment plan will be used as a recruitment tool and help with the retention of new talent, a spokesman said in a statement.